Greers Ferry appreciation rates

Greers Ferry appreciation rates and housing market information

Greers Ferry housing market information

With a population of 878, 345 total housing units (homes and apartments), and a median house value of $132,016, Greers Ferry real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Greers Ferry, accounting for 66.34% of the city's housing units. Other types of housing that are prevalent in Greers Ferry include mobile homes or trailers (26.73%), duplexes, homes converted to apartments or other small apartment buildings (4.65%), and a few row houses and other attached homes (1.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greers Ferry. Owner-occupied housing accounts for 80.00% of Greers Ferry's homes, and 60.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Greers Ferry built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greers Ferry built between 2000 and later (22.51%). A lesser amount of the housing stock also hails from between 1940-1969 (11.69%). There's also some housing in Greers Ferry built before 1939 (1.41%).

A decent proportion of the Greers Ferry housing stock is seasonally occupied. That is, homes and condos in Greers Ferry are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Greers Ferry housing market speaks to its popularity as a vacation location of choice.

Greers Ferry home appreciation rates

Appreciation rates for homes in Greers Ferry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 23.61%, which ranks in the top 30% nationwide. This equates to an annual average Greers Ferry house appreciation rate of 2.14%.

Over the last year, Greers Ferry appreciation rates have trailed the rest of the nation. In the last twelve months, Greers Ferry's appreciation rate has been 3.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greers Ferry were at 1.54%, which equates to an annual appreciation rate of 6.32%.

Relative to Arkansas, our data show that Greers Ferry's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.